In the last 30 days, XRP price has surged an impressive 67.2%, outperforming almost every major cryptocurrency, including Bitcoin (14.4%), Ethereum (62.1%), Solana (45.5%), BNB (19.5%), and Cardano (58.3%). In just the past seven days, XRP jumped another 21%, reaching $3.47.
But that’s not all on the XRP/BTC chart; a major technical development has caught the crypto world’s attention.
XRP/BTC Nears 8-Year Resistance Breakout
Currently, the XRP/BTC pair is trading at 0.00002952 BTC. According to renowned crypto trader Gordon, the pair is on the verge of breaking through a key resistance level that has held firm for eight years.
At the start of this month, XRP/BTC was at 0.00002052 BTC, and since then, it has climbed a staggering 43.63%. Between July 6 and July 17, the pair soared by 42.53%, with 11 bullish daily candles and a 14.17% single-day jump on July 17.
Gordon calls this moment a “rare, generational wealth opportunity”, hinting at a possible long-term rally for XRP price.
XRP Spot ETF Approval Could Be the Next Big Trigger
While several XRP ETFs based on futures and leverage—like those from ProShares and Teucrium—are already live in the U.S., the market is still waiting for the SEC to approve a spot XRP ETF.
Following the SEC vs. Ripple lawsuit resolution, the approval of a spot XRP ETF could be a powerful catalyst that pushes the XRP price even higher. Interestingly, the current rally is unfolding without this major trigger, indicating strong organic momentum.
What’s Next for XRP Price?
With the SEC lawsuit settled, institutional interest rising, and Ripple’s cross-border payment adoption expanding, the outlook for XRP price remains bullish.
Gordon believes that if momentum continues, XRP could hit $10 or more by 2025.
The XRP/BTC breakout, combined with growing investor confidence and pending spot ETF approvals, could mark the beginning of a powerful rally. If you’re watching the crypto markets, now might be the time to keep a close eye on the XRP price.
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FAQs
Many analysts, including Gordon, believe XRP could reach $10 or more by 2025, especially if it breaks through key resistance levels and gains approval for a spot ETF.
The XRP/BTC pair is nearing a breakout from an 8-year resistance level, driven by bullish technical indicators, increased trading volume, and growing investor confidence.
No, a spot XRP ETF has not yet been approved. Several applications are pending, and approval could act as a major catalyst for future price growth.
If the SEC approves a spot XRP ETF, institutional money could flow in rapidly, likely accelerating XRP price growth and increasing liquidity.
XRP’s current rally is happening even without the ETF approval, signaling strong organic demand and bullish sentiment among traders.
